The market follower must keep its manufacturing costs and prices ________ or its product quality and services ________.
A) stable; low
B) low; high
C) high; low
D) fair; low
E) low; fair

Question

Quizplus · Accepted Answer

A market follower should keep its manufacturing costs and prices low to remain competitive, or alternatively, it should offer high product quality and services to differentiate itself from competitors.

The Market Follower Must Keep Its Manufacturing Costs and Prices